Canadian Accounts Payable vs Retained Earnings Analysis

CWB Stock

CAD 60.21 0.31 0.52%

Canadian Western financial indicator trend analysis is way more than just evaluating Canadian Western Bank prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canadian Western Bank is a good investment. Please check the relationship between Canadian Western Accounts Payable and its Retained Earnings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Western Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Accounts Payable vs Retained Earnings

Accounts Payable vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canadian Western Bank Accounts Payable account and Retained Earnings. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Canadian Western's Accounts Payable and Retained Earnings is 0.89. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Canadian Western Bank, assuming nothing else is changed. The correlation between historical values of Canadian Western's Accounts Payable and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Canadian Western Bank are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Accounts Payable i.e., Canadian Western's Accounts Payable and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.89

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Accounts Payable

An accounting item on the balance sheet that represents Canadian Western obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Canadian Western Bank are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from Canadian Western's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canadian Western Bank current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Western Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Canadian Western's Selling General Administrative is very stable compared to the past year. As of the 2nd of December 2024, Enterprise Value Over EBITDA is likely to grow to 17.43, while Discontinued Operations is likely to drop about 68.7 M.

	2021	2022	2023	2024 (projected)
Interest Expense	621.9M	1.4B	1.6B	1.7B
Depreciation And Amortization	80.8M	62.2M	71.5M	75.1M

Interest Expense Depreciation And Amortization

Canadian Western fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Other Assets	Good Will	Short Term Investments	Intangible Assets
Total Assets		0.94	0.14	0.87	1.0	0.9	0.9	1.0	0.9	-0.32	0.73	-0.32	-0.16	0.94	0.77	0.75	-0.77	-0.58	0.82	1.0	0.88	-0.48	-0.08	0.96	0.69	0.97
Short Long Term Debt Total	0.94		0.17	0.87	0.94	0.89	0.99	0.94	0.76	-0.44	0.67	-0.07	-0.16	0.89	0.59	0.71	-0.89	-0.32	0.9	0.94	0.9	-0.34	-0.06	0.94	0.69	0.94
Other Current Liab	0.14	0.17		-0.28	0.17	0.3	0.19	0.18	-0.16	-0.36	0.76	-0.6	-0.6	0.26	-0.15	0.75	-0.23	0.02	0.38	0.14	0.39	-0.48	-0.97	0.11	0.63	0.11
Total Current Liabilities	0.87	0.87	-0.28		0.87	0.73	0.85	0.86	0.85	-0.25	0.34	0.12	0.13	0.77	0.71	0.39	-0.77	-0.39	0.64	0.87	0.66	-0.15	0.35	0.88	0.43	0.88
Total Stockholder Equity	1.0	0.94	0.17	0.87		0.91	0.91	1.0	0.88	-0.33	0.74	-0.3	-0.18	0.93	0.75	0.76	-0.79	-0.56	0.83	1.0	0.88	-0.49	-0.1	0.98	0.7	0.98
Property Plant And Equipment Net	0.9	0.89	0.3	0.73	0.91		0.9	0.89	0.73	-0.48	0.75	-0.29	-0.16	0.88	0.62	0.76	-0.76	-0.46	0.91	0.9	0.94	-0.42	-0.21	0.92	0.77	0.85
Net Debt	0.9	0.99	0.19	0.85	0.91	0.9		0.91	0.72	-0.56	0.67	-0.04	-0.17	0.88	0.54	0.72	-0.91	-0.24	0.92	0.9	0.91	-0.32	-0.1	0.92	0.71	0.9
Retained Earnings	1.0	0.94	0.18	0.86	1.0	0.89	0.91		0.89	-0.34	0.75	-0.33	-0.21	0.94	0.74	0.77	-0.78	-0.56	0.83	1.0	0.88	-0.51	-0.12	0.96	0.7	0.98
Accounts Payable	0.9	0.76	-0.16	0.85	0.88	0.73	0.72	0.89		-0.25	0.52	-0.29	-0.12	0.85	0.79	0.51	-0.49	-0.66	0.65	0.9	0.72	-0.46	0.14	0.86	0.44	0.88
Cash	-0.32	-0.44	-0.36	-0.25	-0.33	-0.48	-0.56	-0.34	-0.25		-0.48	0.08	0.44	-0.5	0.03	-0.49	0.41	-0.13	-0.63	-0.32	-0.59	0.27	0.39	-0.34	-0.53	-0.28
Non Current Assets Total	0.73	0.67	0.76	0.34	0.74	0.75	0.67	0.75	0.52	-0.48		-0.69	-0.56	0.79	0.4	0.99	-0.57	-0.41	0.76	0.73	0.82	-0.69	-0.74	0.67	0.86	0.68
Non Currrent Assets Other	-0.32	-0.07	-0.6	0.12	-0.3	-0.29	-0.04	-0.33	-0.29	0.08	-0.69		0.46	-0.37	-0.38	-0.62	-0.07	0.65	-0.18	-0.32	-0.33	0.71	0.68	-0.18	-0.46	-0.21
Cash And Short Term Investments	-0.16	-0.16	-0.6	0.13	-0.18	-0.16	-0.17	-0.21	-0.12	0.44	-0.56	0.46		-0.19	0.1	-0.58	0.07	-0.01	-0.36	-0.16	-0.31	0.83	0.64	-0.17	-0.12	-0.21
Net Receivables	0.94	0.89	0.26	0.77	0.93	0.88	0.88	0.94	0.85	-0.5	0.79	-0.37	-0.19		0.64	0.78	-0.69	-0.49	0.86	0.94	0.92	-0.4	-0.24	0.9	0.82	0.89
Common Stock Shares Outstanding	0.77	0.59	-0.15	0.71	0.75	0.62	0.54	0.74	0.79	0.03	0.4	-0.38	0.1	0.64		0.4	-0.47	-0.75	0.39	0.77	0.51	-0.37	0.17	0.69	0.38	0.71
Non Current Liabilities Total	0.75	0.71	0.75	0.39	0.76	0.76	0.72	0.77	0.51	-0.49	0.99	-0.62	-0.58	0.78	0.4		-0.64	-0.37	0.78	0.75	0.82	-0.71	-0.71	0.71	0.83	0.71
Inventory	-0.77	-0.89	-0.23	-0.77	-0.79	-0.76	-0.91	-0.78	-0.49	0.41	-0.57	-0.07	0.07	-0.69	-0.47	-0.64		0.1	-0.73	-0.77	-0.7	0.2	0.08	-0.79	-0.65	-0.79
Other Current Assets	-0.58	-0.32	0.02	-0.39	-0.56	-0.46	-0.24	-0.56	-0.66	-0.13	-0.41	0.65	-0.01	-0.49	-0.75	-0.37	0.1		-0.22	-0.58	-0.38	0.48	0.02	-0.47	-0.3	-0.48
Other Stockholder Equity	0.82	0.9	0.38	0.64	0.83	0.91	0.92	0.83	0.65	-0.63	0.76	-0.18	-0.36	0.86	0.39	0.78	-0.73	-0.22		0.82	0.97	-0.42	-0.31	0.86	0.73	0.81
Total Liab	1.0	0.94	0.14	0.87	1.0	0.9	0.9	1.0	0.9	-0.32	0.73	-0.32	-0.16	0.94	0.77	0.75	-0.77	-0.58	0.82		0.88	-0.48	-0.08	0.96	0.69	0.97
Property Plant And Equipment Gross	0.88	0.9	0.39	0.66	0.88	0.94	0.91	0.88	0.72	-0.59	0.82	-0.33	-0.31	0.92	0.51	0.82	-0.7	-0.38	0.97	0.88		-0.46	-0.34	0.87	0.8	0.83
Total Current Assets	-0.48	-0.34	-0.48	-0.15	-0.49	-0.42	-0.32	-0.51	-0.46	0.27	-0.69	0.71	0.83	-0.4	-0.37	-0.71	0.2	0.48	-0.42	-0.48	-0.46		0.51	-0.43	-0.25	-0.48
Other Assets	-0.08	-0.06	-0.97	0.35	-0.1	-0.21	-0.1	-0.12	0.14	0.39	-0.74	0.68	0.64	-0.24	0.17	-0.71	0.08	0.02	-0.31	-0.08	-0.34	0.51		-0.03	-0.58	-0.03
Good Will	0.96	0.94	0.11	0.88	0.98	0.92	0.92	0.96	0.86	-0.34	0.67	-0.18	-0.17	0.9	0.69	0.71	-0.79	-0.47	0.86	0.96	0.87	-0.43	-0.03		0.64	0.98
Short Term Investments	0.69	0.69	0.63	0.43	0.7	0.77	0.71	0.7	0.44	-0.53	0.86	-0.46	-0.12	0.82	0.38	0.83	-0.65	-0.3	0.73	0.69	0.8	-0.25	-0.58	0.64		0.6
Intangible Assets	0.97	0.94	0.11	0.88	0.98	0.85	0.9	0.98	0.88	-0.28	0.68	-0.21	-0.21	0.89	0.71	0.71	-0.79	-0.48	0.81	0.97	0.83	-0.48	-0.03	0.98	0.6

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Canadian Western Account Relationship Matchups

Canadian Western fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	33.9B	37.3B	41.4B	42.3B	48.7B	51.1B
Short Long Term Debt Total	6.1B	7.4B	8.1B	7.3B	8.4B	8.8B
Other Current Liab	(318.1M)	(438.6M)	(447.8M)	29.1M	26.2M	27.5M
Total Current Liabilities	527.6M	556.1M	635.7M	431.1M	495.7M	520.5M
Total Stockholder Equity	3.3B	3.5B	3.7B	4.0B	4.6B	4.9B
Property Plant And Equipment Net	139.3M	130.7M	153.0M	152.4M	175.2M	184.0M
Net Debt	5.7B	7.3B	7.9B	7.1B	8.2B	8.6B
Retained Earnings	1.9B	2.1B	2.3B	2.5B	2.9B	3.0B
Accounts Payable	308.3M	435.4M	443.8M	386.3M	444.3M	466.5M
Cash	368.3M	128.5M	116.0M	66.5M	76.5M	72.7M
Non Current Assets Total	2.7B	4.1B	5.0B	45.4B	52.2B	54.8B
Non Currrent Assets Other	(49.6M)	(50.8M)	(42.2M)	(4.4B)	(4.0B)	(3.8B)
Cash And Short Term Investments	1.2B	299.8M	2.2B	66.5M	76.5M	72.7M
Net Receivables	151.9M	189.2M	356.6M	317.3M	364.9M	383.2M
Common Stock Shares Outstanding	87.2M	87.8M	91.5M	96.1M	110.5M	79.3M
Liabilities And Stockholders Equity	33.9B	37.3B	41.4B	42.3B	48.7B	51.1B
Non Current Liabilities Total	6.1B	7.4B	635.7M	37.9B	43.6B	45.8B
Inventory	(582.7M)	(348.4M)	(417.4M)	(571.7M)	(514.5M)	(488.8M)
Other Current Assets	595.0M	362.5M	435.1M	19.3M	17.4M	16.5M
Other Stockholder Equity	200.7M	351.0M	352.5M	353.9M	407.0M	427.4M
Total Liab	30.6B	33.8B	37.7B	38.3B	44.0B	46.2B
Property Plant And Equipment Gross	139.3M	301.6M	340.3M	351.1M	403.7M	423.9M
Total Current Assets	1.3B	489.0M	2.6B	85.8M	77.2M	73.4M
Other Assets	30.0B	32.8B	33.8B	(3.2B)	(3.6B)	(3.4B)
Accumulated Other Comprehensive Income	102.2M	2.6M	(142.7M)	253.0M	290.9M	305.5M
Good Will	85.2M	85.4M	138.3M	138.7M	159.5M	167.5M
Short Term Investments	792.8M	171.4M	2.1B	2.4B	2.8B	2.9B
Intangible Assets	220.7M	227.8M	223.9M	241.2M	277.4M	291.2M
Common Stock	730.8M	809.4M	956.1M	1.0B	1.2B	615.5M
Other Liab	24.8M	28.0M	26.1M	43.0M	38.7M	52.4M
Net Tangible Assets	2.3B	2.6B	2.9B	3.1B	3.6B	2.4B
Long Term Debt	2.4B	3.0B	3.5B	7.2B	8.3B	8.7B
Deferred Long Term Liab	7.0M	8.5M	13.9M	13.6M	15.6M	8.6M
Long Term Investments	2.7B	3.6B	4.5B	3.9B	4.5B	3.0B
Short Term Debt	625.3M	710.7M	247.4M	966.2M	869.6M	618.0M
Property Plant Equipment	63.2M	139.3M	130.7M	153.0M	176.0M	96.1M
Long Term Debt Total	2.4B	2.5B	3.1B	3.6B	4.1B	2.4B
Earning Assets	2.2B	2.4B	3.1B	3.7B	4.2B	3.1B

Pair Trading with Canadian Western

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Canadian Western position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Canadian Western will appreciate offsetting losses from the drop in the long position's value.

Moving together with Canadian Stock

0.87	NVDA	NVIDIA CDR	Pair Corr
0.81	AMZN	Amazon CDR	Pair Corr
0.72	GOOG	Alphabet CDR	Pair Corr

The ability to find closely correlated positions to Canadian Western could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canadian Western when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Canadian Western - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Canadian Western Bank to buy it.

The correlation of Canadian Western is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Canadian Western moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Western Bank moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Canadian Western can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Canadian Stock

Balance Sheet is a snapshot of the financial position of Canadian Western Bank at a specified time, usually calculated after every quarter, six months, or one year. Canadian Western Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Canadian Western and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Canadian currently owns. An asset can also be divided into two categories, current and non-current.

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Canadian Accounts Payable vs Retained Earnings Analysis

Accounts Payable vs Retained Earnings

Accounts Payable vs Retained Earnings Correlation Analysis

Correlation Coefficient

Accounts Payable

Retained Earnings

Canadian Western fundamental ratios Correlations

Canadian Western Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canadian Western fundamental ratios Accounts

Pair Trading with Canadian Western

Moving together with Canadian Stock

Other Information on Investing in Canadian Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Stockholder Equity
Total Liab	+ 1.0	Total Stockholder Equity
Total Liab	+ 1.0	Retained Earnings

Other Assets	- 0.97	Other Current Liab
Inventory	- 0.91	Net Debt
Inventory	- 0.89	Short Long Term Debt Total
Intangible Assets	- 0.79	Inventory
Good Will	- 0.79	Inventory
Inventory	- 0.79	Total Stockholder Equity